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Based on your usage, this is totally wrong notion of "absurdity." What I wrote is actually correct. I'm not sure what "economics were the end all be all means"
by dinkumthinkum 11y ago
Based on your usage, this is totally wrong notion of "absurdity." What I wrote is actually correct.
I'm not sure what "economics were the end all be all means" but economics is a method by which to understand the "world" under the circumstance of scarcity. I suggest reading a little more of it; it's an interesting topic.
Actually, I don't think this makes any sense. Economics is not about describing a perfect society or something. Don't be silly. :)
It's about understanding reality. Agents engage in activity described by economic principles under the condition of scarcity.
I know that seems sad or something I guess to some. It's like climate change doesn't care if you believe it's real or not.
It's just the way it is ... under the condition of scarcity.
- pitay 11y agoMost economists didn't predict the Global Financial Crisis. Given that you have to wonder about the utility of the so called 'economics' and whether statements made by economists are true. Feel free to correct me or give more information, I am perfectly fine with being educated.